You are given the following information for Mobility Research, Inc. (MRI). Sales $200,000 Costs $105,000 SG&A $20,000
Fantastic news! We've Found the answer you've been seeking!
Question:
You are given the following information for Mobility Research, Inc. (MRI).
Sales | $200,000 |
Costs | $105,000 |
SG&A | $20,000 |
Interest | $19,000 |
Dividend paid | $7,000 |
Retained Earnings Added | $19,000 |
Total Assets | $85,000 |
Equity | $45,000 |
Tax Rate | 35% |
How much was the depreciation charge for MRI? (Hint: Prepare the income statement. You will have to work backwards to find the missing data.)
Related Book For
Posted Date: